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Citations of
Mark Machina

For current contact information and a more complete listing of works, please see here

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Working papers

    Sorry, no citations of working papers recorded.

Articles

  1. Granger, Clive W.J. & Machina, Mark J., 2006. "Structural attribution of observed volatility clustering," Journal of Econometrics, Elsevier, vol. 135(1-2), pages 15-29. [Downloadable!] (restricted)

    Cited by:

    1. James D. Hamilton, 2005. "What's Real About the Business Cycle?," NBER Working Papers 11161, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:

  2. Mark Machina, 2005. "‘Expected utility / subjective probability’ analysis without the sure-thing principle or probabilistic sophistication," Economic Theory, Springer, vol. 26(1), pages 1-62, 07. [Downloadable!] (restricted)

    Cited by:

    1. Wing-Keung Wong & Chenghu Ma, 2008. "Preferences over location-scale family," Economic Theory, Springer, vol. 37(1), pages 119-146, October. [Downloadable!] (restricted)

  3. Mark Machina, 2004. "Almost-objective uncertainty," Economic Theory, Springer, vol. 24(1), pages 1-54, 07. [Downloadable!] (restricted)

    Cited by:

    1. Nabil Al-Najjar & Luca Anderlini & Leonardo Felli, 2003. "Undescribable Contingencies," Discussion Papers 1370, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    2. Klaus Nehring, 2006. "Bernoulli Without Bayes: A Theory of Utility-Sophisticated Preferences under Ambiguity," Economics Working Papers 0072, Institute for Advanced Study, School of Social Science. [Downloadable!]
    3. ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX, Christian, 2003. "Aversion Analysis," Cahiers de recherche 04-2003, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
      Other versions:
      • ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX Christian, 2003. "Aversion Analysis," Cahiers de recherche 2003-06, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
    4. Ghirardato, Paolo & Maccheroni, Fabio & Marinacci, Massimo & Siniscalchi, Marciano, 2001. "A Subjective Spin on Roulette Wheels," Working Papers 1127, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
      Other versions:
    5. Robert Nau, 2001. "De Finetti was Right: Probability Does Not Exist," Theory and Decision, Springer, vol. 51(2), pages 89-124, December. [Downloadable!] (restricted)
    6. Klaus Nehring, 2006. "Decision-Making in the Context of Imprecise Probabilistic Beliefs," Economics Working Papers 0034, Institute for Advanced Study, School of Social Science. [Downloadable!]
    7. Zvi Safra & Uzi Segal, 2005. "Are Universal Preferences Possible? Calibration Results for Non-Expected Utility Theories," Boston College Working Papers in Economics 633, Boston College Department of Economics. [Downloadable!]
    8. Mark Machina, 2002. "Robustifying the Classical Model of Risk Preferences and Beliefs," University of California at San Diego, Economics Working Paper Series 2002-06, Department of Economics, UC San Diego. [Downloadable!]

  4. Machina, Mark J, 2001. " Payoff Kinks in Preferences over Lotteries," Journal of Risk and Uncertainty, Springer, vol. 23(3), pages 207-60, November. [Downloadable!] (restricted)

    Cited by:

    1. Frank Milne & Edwin Neave, 2003. "A General Equilibrium Financial Asset Economy with Transaction Costs and Trading Constraints," Working Papers 1082, Queen's University, Department of Economics. [Downloadable!]
    2. Kam Yu, 2008. "Measuring the Output and Prices of the Lottery Sector: An Application of Implicit Expected Utility Theory," NBER Working Papers 14020, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Zvi Safra & Uzi Segal, 2001. "On the Economic Meaning of Machina's FrÚchet Differentiability Assumption," Boston College Working Papers in Economics 511, Boston College Department of Economics. [Downloadable!]
      Other versions:
    4. Edi Karni & Zvi Safra, 2008. "Moral sentiments and social choice," Social Choice and Welfare, Springer, vol. 30(3), pages 427-446, April. [Downloadable!] (restricted)
    5. Sujoy Mukerji & Jean-Marc Tallon, 2002. "Ellsberg`s 2-Color Experiment, Bid-Ask Behavior and Ambiguity," Economics Series Working Papers 114, University of Oxford, Department of Economics. [Downloadable!]
    6. Edi Karni & Zvi Safra, 2003. "Moral Sentiments and Social Choice: Fairness Considerations in University Admissions," Economics Working Paper Archive 492, The Johns Hopkins University,Department of Economics. [Downloadable!]
    7. Chambers, Robert G. & Quiggin, John, 2002. "Dual Approaches To The Analysis Of Risk Aversion," Working Papers 28606, University of Maryland, Department of Agricultural and Resource Economics. [Downloadable!]
      Other versions:

  5. Machina, Mark J, 1999. "A Challenge to the "Econoclasts": A Commentary on "Rationality for Economists?"," Journal of Risk and Uncertainty, Springer, vol. 19(1-3), pages 107-08, December. [Downloadable!] (restricted)

    Cited by:

    1. Nordberg, Morten & Røgeberg, Ole Jørgen, 2009. "Defence of Absurd Theories in Economics," HERO On line Working Paper Series 2003:18, Oslo University, Health Economics Research Programme. [Downloadable!]
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    2. Holmes, Thomas & Boyle, Kevin, 2004. "Dynamic Learning And Context-Dependence In Sequential, Attribute-Based Contingent Valuation," 2004 Annual meeting, August 1-4, Denver, CO 20014, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]

  6. Machina, Mark J & Pratt, John W, 1997. "Increasing Risk: Some Direct Constructions," Journal of Risk and Uncertainty, Springer, vol. 14(2), pages 103-27, March. [Downloadable!] (restricted)

    Cited by:

    1. Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2004. "Four notions of mean preserving increase in risk, risk attitudes and applications to the Rank-Dependent Expected Utility model," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00212281_v1, HAL. [Downloadable!]
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    2. Justin P. Johnson & David P. Myatt, 2006. "On the Simple Economics of Advertising, Marketing, and Product Design," American Economic Review, American Economic Association, vol. 96(3), pages 756-784, June. [Downloadable!]
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    3. Marco Dall’Aglio & Marco Scarsini, 2000. "Zonoids, Linear Dependence, and Size-Biased Distributions on the Simplex," ICER Working Papers - Applied Mathematics Series 27-2003, ICER - International Centre for Economic Research, revised Jul 2003. [Downloadable!]
    4. André de Palma & Nathalie Picard, 2004. "Route Choice behavior with risk averse users," THEMA Working Papers 2004-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
    5. John W. Pratt, 2008. "Some neglected axioms in fair division," Harvard Business School Working Papers 08-094, Harvard Business School. [Downloadable!]
    6. Donald Keenan & Donald Rudow & Arthur Snow, 2008. "Risk preferences and changes in background risk," Journal of Risk and Uncertainty, Springer, vol. 36(2), pages 139-152, April. [Downloadable!] (restricted)

  7. Machina Mark J. & Schmeidler David, 1995. "Bayes without Bernoulli: Simple Conditions for Probabilistically Sophisticated Choice," Journal of Economic Theory, Elsevier, vol. 67(1), pages 106-128, October. [Downloadable!] (restricted)
    Other versions:

    Cited by:

    1. Halevy, Yoram & Ozdenoren, Emre, 2008. "Uncertainty and Compound Lotteries: Calibration," Micro Theory Working Papers yoram_halevy-2008-7, Microeconomics.ca Website, revised 17 Jun 2008. [Downloadable!]
    2. ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX, Christian, 2003. "Aversion Analysis," Cahiers de recherche 04-2003, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
      Other versions:
      • ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX Christian, 2003. "Aversion Analysis," Cahiers de recherche 2003-06, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
    3. Andrea Capotorti & Giulianella Coletti & Barbara Vantaggi, 2008. "Preferences Representable by a Lower Expectation: Some Characterizations," Theory and Decision, Springer, vol. 64(2), pages 119-146, March. [Downloadable!] (restricted)
    4. Edi Karni, 2005. "A New Approach to Modeling Decision-Making under Uncertainty and Defining Subjective Probabilities," Economics Working Paper Archive 519, The Johns Hopkins University,Department of Economics. [Downloadable!]
    5. Marciano Siniscalchi, 2003. "A Behavioral Characterization of Plausible Priors," Discussion Papers 1365, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
      Other versions:
    6. Mark J. Machina, 2001. "Almost-Objective Uncertainty," University of California at San Diego, Economics Working Paper Series 2001-12, Department of Economics, UC San Diego. [Downloadable!]
    7. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2004. "Rationality of Belief Or: Why Savage's axioms are neither necessary nor sufficient for rationality, Second Version," PIER Working Paper Archive 07-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 03 Jan 2007. [Downloadable!]
      Other versions:
    8. Marciano Siniscalchi, . "Vector-Adjusted Expected Utility," Working Papers 191, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University. [Downloadable!]
    9. Edi Karni, 2007. "A new approach to modeling decision-making under uncertainty," Economic Theory, Springer, vol. 33(2), pages 225-242, November. [Downloadable!] (restricted)
    10. Peter Klibanoff & Emre Ozdenoren, 2007. "Subjective recursive expected utility," Economic Theory, Springer, vol. 30(1), pages 49-87, January. [Downloadable!] (restricted)
    11. Sarin, R. & Wakker, P., 1996. "A single-stage approach to Anscombe and Aumann's expected utility," Discussion Paper 45, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    12. Edi Karni, 2009. "A Theory of Bayesian Decision Making," Economics Working Paper Archive 550, The Johns Hopkins University,Department of Economics. [Downloadable!]

  8. Machina, Mark J & Schmeidler, David, 1992. "A More Robust Definition of Subjective Probability," Econometrica, Econometric Society, vol. 60(4), pages 745-80, July. [Downloadable!] (restricted)
    Other versions:

    Cited by:

    1. Simon Grant & Hatice Ozsoy & Ben Polak, 2007. "Probabilistic Sophistication and Stochastic Monotonicity in the Savage Framework," Levine's Bibliography 122247000000001390, UCLA Department of Economics. [Downloadable!]
      Other versions:
    2. Halevy, Yoram & Ozdenoren, Emre, 2008. "Uncertainty and Compound Lotteries: Calibration," Micro Theory Working Papers yoram_halevy-2008-7, Microeconomics.ca Website, revised 17 Jun 2008. [Downloadable!]
    3. Biung-Ghi Ju, 2003. "Strategy-Proof Risk Sharing," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200305, University of Kansas, Department of Economics, revised Apr 2003. [Downloadable!]
      Other versions:
    4. Klaus Nehring, 2006. "Bernoulli Without Bayes: A Theory of Utility-Sophisticated Preferences under Ambiguity," Economics Working Papers 0072, Institute for Advanced Study, School of Social Science. [Downloadable!]
    5. Peter Klibanoff & Massimo Marinacci & Sujoy Mukerji, 2006. "Recursive Smooth Ambiguity Preferences," Carlo Alberto Notebooks 17, Collegio Carlo Alberto, revised 2008. [Downloadable!]
      Other versions:
    6. Christopher J.Tyson, 2005. "Axiomatic Foundations for Satisficing Behavior," Economics Papers 2005-W03, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
    7. Kin Chung Lo, 1995. "Extensive Form Games with Uncertainty Averse Players," Working Papers ecpap-95-03, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    8. Vivek Dehejia & Jiankang Zhang, 2008. "Can Median-Maximizing Behavior Be Rational?," Carleton Economic Papers 08-09, Carleton University, Department of Economics. [Downloadable!]
    9. Ghirardato, Paolo & Marinacci, Massimo, 2000. "Risk, Ambigity and the Separation of Utility and Beliefs," Working Papers 1085, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
      Other versions:
    10. Haluk Ergin & Faruk Gul, 2003. "A Subjective Theory of Compound Lotteries," Levine's Bibliography 506439000000000406, UCLA Department of Economics. [Downloadable!]
      Other versions:
    11. Chenghu Ma, 2001. "A No-Trade Theorem under Knightian Uncertainty with General Preferences," Theory and Decision, Springer, vol. 51(2), pages 173-181, December. [Downloadable!] (restricted)
    12. ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX, Christian, 2003. "Aversion Analysis," Cahiers de recherche 04-2003, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
      Other versions:
      • ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX Christian, 2003. "Aversion Analysis," Cahiers de recherche 2003-06, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
    13. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2004. "Rationality of Belief," Levine's Bibliography 122247000000000690, UCLA Department of Economics. [Downloadable!]
    14. Itzhak Gilboa & Offer Lieberman & David Schmeidler, 2007. "On the Definition of Objective Probabilities by Empirical Similarity," Levine's Bibliography 843644000000000363, UCLA Department of Economics. [Downloadable!]
    15. Fabio Maccheroni & Massimo Marinacci & Aldo Rustichini, 2004. "Ambiguity Aversion, Robustness, and the Variational Representation of Preferences," Carlo Alberto Notebooks 12, Collegio Carlo Alberto, revised 2006. [Downloadable!]
      Other versions:
    16. Edi Karni, 2005. "A New Approach to Modeling Decision-Making under Uncertainty and Defining Subjective Probabilities," Economics Working Paper Archive 519, The Johns Hopkins University,Department of Economics. [Downloadable!]
    17. Marciano Siniscalchi, 2003. "A Behavioral Characterization of Plausible Priors," Discussion Papers 1365, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
      Other versions:
    18. John Quiggin, 2001. "Production under Uncertainty and Choice under Uncertainty in the Emergence of Generalized Expected Utility Theory," Theory and Decision, Springer, vol. 51(2), pages 125-144, December. [Downloadable!] (restricted)
    19. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2004. "Rationality of Belief Or Why Bayesianism is neither necessary nor sufficient for rationality," PIER Working Paper Archive 04-011, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania. [Downloadable!]
      Other versions:
    20. Mark J. Machina, 2001. "Almost-Objective Uncertainty," University of California at San Diego, Economics Working Paper Series 2001-12, Department of Economics, UC San Diego. [Downloadable!]
    21. Grant, S. & Quiggin, J., 2001. "A model-free definition of increasing uncertainty," Discussion Paper 84, Tilburg University, Center for Economic Research. [Downloadable!]
    22. Vincent Feltkamp & Yoram Halevy, 1999. "- A Bayesian Approach To Uncertainty Aversion," Working Papers. Serie AD 1999-14, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
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    23. Chateauneuf, Alain & Eichberger, Jürgen & Grant, Simon, 2003. "Choice under Uncertainty with the Best and Worst in Mind: Neo-additive Capacities," Sonderforschungsbereich 504 Publications 03-10, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
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    24. Chambers, Christopher & Takashi Hayashi, 2003. "Preference Aggregation under Uncertainty: Savage vs. Pareto," Working Papers 1184, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
      Other versions:
    25. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2004. "Rationality of Belief Or: Why Savage's axioms are neither necessary nor sufficient for rationality, Second Version," PIER Working Paper Archive 07-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 03 Jan 2007. [Downloadable!]
      Other versions:
    26. Kin Chung Lo, 2006. "A robust definition of possibility for biseparable preferences," Economics Bulletin, Economics Bulletin, vol. 4(37), pages 1-7. [Downloadable!]
    27. Marciano Siniscalchi, . "Vector-Adjusted Expected Utility," Working Papers 191, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University. [Downloadable!]
    28. Massimo Marinacci, 2001. "Probabilistic sophistication and multiple priors," ICER Working Papers - Applied Mathematics Series 08-2001, ICER - International Centre for Economic Research. [Downloadable!]
      Other versions:
    29. Tigran Melkonyan & Mark Pingle, 2008. "Ambiguity, Pessimism, and Religious Choice," Working Papers 08-002, University of Nevada, Reno, Department of Economics & University of Nevada, Reno , Department of Resource Economics. [Downloadable!]
    30. Larry Epstein, 1997. "Uncertainty Aversion," Working Papers epstein-97-01, University of Toronto, Department of Economics. [Downloadable!]
    31. Itzhak Gilboa, 2009. "Questions in Decision Theory," Levine's Working Paper Archive 814577000000000335, David K. Levine. [Downloadable!]
    32. Kin Chung Lo, 1995. "Equilibrium in Beliefs Under Uncertainty," Working Papers ecpap-95-02, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    33. Robert Nau, 2001. "De Finetti was Right: Probability Does Not Exist," Theory and Decision, Springer, vol. 51(2), pages 89-124, December. [Downloadable!] (restricted)
    34. Riddel, Mary & Shaw, W. Douglass, 2006. "A Theoretically-Consistent Empirical Non-Expected Utility Model of Ambiguity: Nuclear Waste Mortality Risk and Yucca Mountain," Pre-Prints 23964, Texas A&M University, Department of Agricultural Economics. [Downloadable!]
    35. Epstein, L.G., 1999. "Are Probabilities Used in Markets?," RCER Working Papers 464, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
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    36. GHIRARDATO, Paolo & LE BRETON, Michel, 1999. "Choquet rationality," CORE Discussion Papers 1999012, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    37. Kiyohiko G. Nishimura & Hiroyuki Ozaki, 2003. "A Simple Axiomatization of Iterated Choquet Objectives," CIRJE F-Series CIRJE-F-219, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
    38. Jürgen Eichberger & David Kelsey, 2007. "Ambiguity," Working Papers 0448, University of Heidelberg, Department of Economics, revised Jul 2007. [Downloadable!]
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    39. Simon Grant & Atsushi Kajii, 2005. "Probabilistically Sophisticated Multiple Priors," KIER Working Papers 608, Kyoto University, Institute of Economic Research. [Downloadable!]
    40. Sarin, R. & Wakker, P., 1996. "A single-stage approach to Anscombe and Aumann's expected utility," Discussion Paper 45, Tilburg University, Center for Economic Research. [Downloadable!]
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    41. W. Wong & R. Chan, 2008. "Prospect and Markowitz stochastic dominance," Annals of Finance, Springer, vol. 4(1), pages 105-129, January. [Downloadable!] (restricted)
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    42. Luca Rigotti & Chris Shannon, 2001. "Uncertainty and Risk in Financial Markets," Department of Economics, Working Paper Series 1000, Department of Economics, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
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    43. Kin Chung Lo, 2009. "Possibility and permissibility," Working Papers 2009_01, York University, Department of Economics. [Downloadable!]
    44. Edi Karni, 2009. "A Theory of Bayesian Decision Making," Economics Working Paper Archive 550, The Johns Hopkins University,Department of Economics. [Downloadable!]
    45. Mark J. Machina & David Schmeidler, 1994. "Bayes Without Bernoulli: Simple Conditions for Probabilistically Sophisticated Choice," Discussion Papers 1088, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
      Other versions:
    46. Klaus Nehring, 2006. "Decision-Making in the Context of Imprecise Probabilistic Beliefs," Economics Working Papers 0034, Institute for Advanced Study, School of Social Science. [Downloadable!]
    47. Mary Riddel & W. Shaw, 2006. "A theoretically-consistent empirical model of non-expected utility: An application to nuclear-waste transport," Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 131-150, March. [Downloadable!] (restricted)
    48. Dominiak, Adam & Dürsch, Peter & Lefort, Jean-Philippe, 2009. "A Dynamic Ellsberg Urn Experiment," Working Papers 0487, University of Heidelberg, Department of Economics. [Downloadable!]
    49. Xiao Luo & Yi-Chun Chen, 2004. "A Unified Approach to Information, Knowledge, and Stability," Econometric Society 2004 Far Eastern Meetings 472, Econometric Society. [Downloadable!]
    50. Chambers, Christopher P. & Echenique, Federico, . "When does aggregation reduce uncertainty aversion?," Working Papers 1299, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    51. Mark Machina, 2002. "Robustifying the Classical Model of Risk Preferences and Beliefs," University of California at San Diego, Economics Working Paper Series 2002-06, Department of Economics, UC San Diego. [Downloadable!]
    52. Kin Chung Lo, 2006. "Likely Events and Possible States," The B.E. Journal of Theoretical Economics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]

  9. Machina, Mark J, 1989. "Dynamic Consistency and Non-expected Utility Models of Choice under Uncertainty," Journal of Economic Literature, American Economic Association, vol. 27(4), pages 1622-68, December. [Downloadable!] (restricted)

    Cited by:

    1. Faruk Gul & Wolfgang Pesendorfer, 2003. "Self-control, revealed preference and consumption choice," Levine's Bibliography 506439000000000362, UCLA Department of Economics. [Downloadable!]
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    2. Woodward, Richard T., 1998. "Should Agricultural And Resource Economists Care That The Subjective Expected Utility Hypothesis Is False?," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20941, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    3. LANGE Andreas & TREICH Nicolas, 2007. "Uncertainty, Learning and Ambiguity in Economic Models on Climate Policy: Some Classical Results and New Directions," Working Papers 07.16.237, LERNA, University of Toulouse. [Downloadable!]
    4. Peter Klibanoff & Massimo Marinacci & Sujoy Mukerji, 2006. "Recursive Smooth Ambiguity Preferences," Carlo Alberto Notebooks 17, Collegio Carlo Alberto, revised 2008. [Downloadable!]
      Other versions:
    5. J.L. Ferreira, 1992. "Credible Equilibria in Games with Utilities Changing During the Play," Discussion Papers 988, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
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    6. Ivan Fernandez-Val, 2005. "Bias Correction in Panel Data Models with Individual Specific Parameters," Boston University - Department of Economics - Working Papers Series WP2005-041, Boston University - Department of Economics. [Downloadable!]
    7. Kin Chung Lo, 1995. "Extensive Form Games with Uncertainty Averse Players," Working Papers ecpap-95-03, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    8. David Laibson & Leeat Yariv, 2007. "Safety in Markets: An Impossibility Theorem for Dutch Books," Levine's Bibliography 122247000000001746, UCLA Department of Economics. [Downloadable!]
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    9. Kim C. Border & Uzi Segal, 2001. "Coherent Odds and Subjective Probability," Boston College Working Papers in Economics 513, Boston College Department of Economics. [Downloadable!]
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    10. Eddie Dekel & Barton L. Lipman & Aldo Rustichini, 2005. "Temptation–Driven Preferences," Boston University - Department of Economics - Working Papers Series WP2005-005, Boston University - Department of Economics. [Downloadable!]
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    11. Giuseppe, DE FEO & Jean, HINDRIKS, 2005. "Efficiency of Competition in Insurance Markets with Adverse Selection," Discussion Papers (ECON - Département des Sciences Economiques) 2005042, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
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    12. Marciano Siniscalchi, 2006. "Dynamic Choice Under Ambiguity," Discussion Papers 1430, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    13. Roger Hartley & Lisa Farrell, 2002. "Can Expected Utility Theory Explain Gambling?," American Economic Review, American Economic Association, vol. 92(3), pages 613-624, June. [Downloadable!]
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    14. Costis Skiadas, 1991. "Conditioning and Aggregation of Preferences," Discussion Papers 1010, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    15. Andreas Lange, 2003. "Climate Change and the Irreversibility Effect – Combining Expected Utility and MaxiMin," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 25(4), pages 417-434, August. [Downloadable!] (restricted)
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    16. John D Hey & Gianna Lotito, 2007. "Naïve, Resolute or Sophisticated? A Study of Dynamic Decision Making," Discussion Papers 07/03, Department of Economics, University of York. [Downloadable!]
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    17. Simon Grant & Atsushi Kajii & Ben Polak, 1999. "Preference for Information and Dynamic Consistency," Cowles Foundation Discussion Papers 1208, Cowles Foundation, Yale University. [Downloadable!]
    18. Takashi Hayashi, 2008. "Context dependence and consistency in dynamic choice under uncertainty: the case of anticipated regret," KIER Working Papers 659, Kyoto University, Institute of Economic Research. [Downloadable!]
    19. Kin Chung Lo, 1995. "Equilibrium in Beliefs Under Uncertainty," Working Papers ecpap-95-02, University of Toronto, Department of Economics. [Downloadable!]
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    20. John Conlisk, 2001. "Costly Predation and the Distribution of Competence," American Economic Review, American Economic Association, vol. 91(3), pages 475-484, June. [Downloadable!] (restricted)
    21. Robin Cubitt & Maria Ruiz-Martos & Chris Starmer, 2005. "Are bygones bygones?," Discussion Papers 2005-21, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham. [Downloadable!]
    22. Francesco Guala, 2000. "The logic of normative falsification: rationality and experiments in decision theory," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(1), pages 59-93, March. [Downloadable!] (restricted)
    23. Markus Pasche, 1998. "An Approach to Robust Decision Making: The Rationality of Heuristic Behavior," Working Paper Series B 1998-10, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultïät. [Downloadable!]
    24. Simon Grant & Atsushi Kajii & Ben Polak, 1996. "Preference for Information," Cowles Foundation Discussion Papers 1114, Cowles Foundation, Yale University. [Downloadable!]
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    25. Caplin, Andrew & Leahy, John, 1997. "Psychological Expected Utility Theory and Anticipatory Feelings," Working Papers 97-37, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
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    26. Hitoshi Matsushima, 1999. "Moral Decision and Information Aversion," CIRJE F-Series CIRJE-F-64, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
    27. Zank, Horst & Schmidt, Ulrich & Diecidue, Enrico, 2007. "Parametric Weighting Functions," Economics Working Papers 2007,01, Christian-Albrechts-University of Kiel, Department of Economics. [Downloadable!]
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    28. Border, Kim C. & Segal, Uzi, 1992. "Dynamic Consistency Implies Approximately Expected Utility Preferences," Working Papers 821, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
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    29. John Hey & Massimo Paradiso., . "Dynamic Choice and Timing-Independence: an experimental investigation," Discussion Papers 99/26, Department of Economics, University of York. [Downloadable!]
    30. Andre Palma & Moshe Ben-Akiva & David Brownstone & Charles Holt & Thierry Magnac & Daniel McFadden & Peter Moffatt & Nathalie Picard & Kenneth Train & Peter Wakker & Joan Walker, 2008. "Risk, uncertainty and discrete choice models," Marketing Letters, Springer, vol. 19(3), pages 269-285, December. [Downloadable!] (restricted)
      Other versions:
      • André de Palma & Moshe Ben-Akiva & David Brownstone & Charles Holt & Thierry Magnac & Daniel McFadden & Peter Moffatt & Nathalie Picard & Kenneth Train & Peter Wakker & Joan Walker, 2008. "Risk, Uncertainty and Discrete Choice Models," THEMA Working Papers 2008-02, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
    31. Juan Dubra & Federico Echenique, 2001. "Monotone Preferences over Information," The B.E. Journal of Theoretical Economics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]
      Other versions:
    32. René Garcia & Éric Renault, 1998. "Risk Aversion, Intertemporal Substitution, and Option Pricing," CIRANO Working Papers 98s-02, CIRANO. [Downloadable!]
      Other versions:
    33. Mark J. Machina & David Schmeidler, 1994. "Bayes Without Bernoulli: Simple Conditions for Probabilistically Sophisticated Choice," Discussion Papers 1088, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
      Other versions:
    34. Ronald Bosman & Frans van Winden, 2006. "Global Risk, Investment, and Emotions," DNB Working Papers 112, Netherlands Central Bank, Research Department. [Downloadable!]
    35. John Hey, . "Do People (Want to) Plan?," Discussion Papers 99/22, Department of Economics, University of York. [Downloadable!]
      Other versions:
    36. Leeat Yariv, 2004. "Safety in Markets: An Impossibility Theorem for Dutch Books," Theory workshop papers 658612000000000072, UCLA Department of Economics. [Downloadable!]
    37. Chaim Fershtman & Zvi Safra & Daniel Vincent, 1990. "Delayed Agreements and Non-Expected Utility," Discussion Papers 867, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
      Other versions:
    38. Alaoui, Larbi, 2009. "The value of useless information," MPRA Paper 11411, University Library of Munich, Germany. [Downloadable!]
    39. Halevy, Yoram, 2004. "Strotz meets Allais: Diminishing Impatience and the Certainty Effect," Micro Theory Working Papers halevy-04-10-29-10-08-43, Microeconomics.ca Website, revised 19 Jun 2008. [Downloadable!]
      Other versions:
    40. Haven, Emmanuel, 2008. "Elementary Quantum Mechanical Principles and Social Science: Is There a Connection?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(1), pages 41-58, March. [Downloadable!]

  10. Machina, Mark J., 1989. "Comparative statics and non-expected utility preferences," Journal of Economic Theory, Elsevier, vol. 47(2), pages 393-405, April. [Downloadable!] (restricted)

    Cited by:

    1. Becker, Torbjörn, 1995. "Risky Taxes, Budget Balance Preserving Spreads and Precautionary Savings," Working Paper Series in Economics and Finance 73, Stockholm School of Economics. [Downloadable!]
    2. Nuno Garoupa, 1998. "Crime and Punishment: Further Results," Economics Working Papers 344, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    3. John Quiggin, 2001. "Production under Uncertainty and Choice under Uncertainty in the Emergence of Generalized Expected Utility Theory," Theory and Decision, Springer, vol. 51(2), pages 125-144, December. [Downloadable!] (restricted)
    4. Mark J. Machina, 2000. "Payoff Kinks in Preferences over Lotteries," University of California at San Diego, Economics Working Paper Series 2000-22, Department of Economics, UC San Diego. [Downloadable!]
    5. Mark Machina, 2002. "Robustifying the Classical Model of Risk Preferences and Beliefs," University of California at San Diego, Economics Working Paper Series 2002-06, Department of Economics, UC San Diego. [Downloadable!]
    6. Haven, Emmanuel, 2008. "Elementary Quantum Mechanical Principles and Social Science: Is There a Connection?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(1), pages 41-58, March. [Downloadable!]

  11. Machina, Mark J, 1987. "Choice under Uncertainty: Problems Solved and Unsolved," Journal of Economic Perspectives, American Economic Association, vol. 1(1), pages 121-54, Summer. [Downloadable!] (restricted)

    Cited by:

    1. Santonu Basu, 2003. "Why do Banks Fail?," International Review of Applied Economics, Taylor and Francis Journals, vol. 17(3), pages 231-248, July. [Downloadable!] (restricted)
    2. Terrance Hurley & Jason Shogren, 2005. "An Experimental Comparison of Induced and Elicited Beliefs," Journal of Risk and Uncertainty, Springer, vol. 30(2), pages 169-188, January. [Downloadable!] (restricted)
    3. Andr Lapidus, Nathalie Sigot, 2000. "Individual utility in a context of asymmetric sensitivity to pleasure and pain: an interpretation of Bentham's felicific calculus," European Journal of the History of Economic Thought, Taylor and Francis Journals, vol. 7(1), pages 45-78, March. [Downloadable!] (restricted)
      Other versions:
    4. Marco Castillo & Ragan Petrie & Maximo Torero, 2008. "Rationality and the Nature of the Market," Experimental Economics Center Working Paper Series 2008-12, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University. [Downloadable!]
    5. Serrao, Amilcar & Coelho, Luis, 2006. "The Role of area-yield crop insurance program face to the Mid-term Review of Common Agricultural Policy," 2006 Annual meeting, July 23-26, Long Beach, CA 21411, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    6. Zvi Safra & Uzi Segal, 2006. "Calibration Results for Non-Expected Utility Theories," Boston College Working Papers in Economics 645, Boston College Department of Economics. [Downloadable!]
      Other versions:
    7. Matthew Rabin, 2000. "Risk Aversion and Expected-Utility Theory: A Calibration Theorem," Department of Economics, Working Paper Series 1034, Department of Economics, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
    8. J. Kirsch & A. McGuire, 2000. "Establishing health state valuations for disease specific states: an example from heart disease," Health Economics, John Wiley & Sons, Ltd., vol. 9(2), pages 149-158.
    9. Karl Claxton & Mark Sculpher & Tony Culyer, 2007. "Mark versus Luke? Appropriate Methods for the Evaluation of Public Health Interventions," Working Papers 031cherp, Centre for Health Economics, University of York. [Downloadable!]
    10. Jakus, Paul M. & Shaw, W. Douglass, 2001. "Perceived Hazard And Product Choice: An Application To Recreational Site Choice," 2001 Annual meeting, August 5-8, Chicago, IL 20772, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
      Other versions:
    11. W. Bentley MacLeod, 1996. "Decision, Contract and Emotion: Some Economics for a Complex and Confusing World," Boston College Working Papers in Economics 336., Boston College Department of Economics. [Downloadable!]
      Other versions:
    12. Kim C. Border & Uzi Segal, 2001. "Coherent Odds and Subjective Probability," Boston College Working Papers in Economics 513, Boston College Department of Economics. [Downloadable!]
      Other versions:
    13. Peter J. Hammond, 1997. "Subjectively Expected State-Independent Utility on State-Dependent Consequence Domains," Working Papers 97024, Stanford University, Department of Economics. [Downloadable!]
    14. David Cantalá, 2007. "Preferences for Shifts in Probabilities and Expected Utility Theory," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 22(1), pages 99-109. [Downloadable!]
    15. Y. Alarie & G. Dionne, 2001. "Optimal Cognitive Processes for Lotteries," THEMA Working Papers 2001-07, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
      Other versions:
    16. Kam Yu, 2008. "Measuring the Output and Prices of the Lottery Sector: An Application of Implicit Expected Utility Theory," NBER Working Papers 14020, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    17. ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX, Christian, 2003. "Aversion Analysis," Cahiers de recherche 04-2003, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
      Other versions:
      • ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX Christian, 2003. "Aversion Analysis," Cahiers de recherche 2003-06, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
    18. Serrao, Amilcar & Coelho, Luis, 2005. "Analysing Farmers' Decision-Making Process Face to the Mid-Term Review of the Common Agricultural Policy in the Alentejo region of Portugal," 2005 Annual meeting, July 24-27, Providence, RI 19266, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    19. Toman, Michael, 1998. "Sustainable Decisionmaking: The State of the Art from an Economics Perspective," Discussion Papers dp-98-39, Resources For the Future. [Downloadable!]
    20. William Harbaugh & Kate Krause & Lise Vesterlund, 2002. "Risk Attitudes of Children and Adults: Choices Over Small and Large Probability Gains and Losses," Experimental Economics, Springer, vol. 5(1), pages 53-84, June. [Downloadable!] (restricted)
      Other versions:
    21. Pavlo R. Blavatskyy, . "Axiomatization of a Preference for Most Probable Winner," IEW - Working Papers iewwp230, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    22. Alderman, Harold & Paxson, Christina H & DEC, 1992. "Do the poor insure? A synthesis of the literature on risk and consumption in developing countries," Policy Research Working Paper Series 1008, The World Bank. [Downloadable!]
      Other versions:
    23. Tuthill, Jonathan & Frechette, Darren, 2002. "Non-Expected Utility Theories: Weighted Expected, Rank Dependent, And Cumulative Prospect Theory Utility," 2002 Conference, April 22-23, 2002, St. Louis, Missouri 19073, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [Downloadable!]
    24. Yves Alarie & Georges Dionne, 2004. "On the Necessity of Using Lottery Qualities," Cahiers de recherche 0415, CIRPEE. [Downloadable!]
    25. Post, G.T., 2001. "Testing for Stochastic Dominance with Diversification Possibilities," Research Paper ERS-2001-38-F&A Revision_, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
    26. A. Vignes, 2003. "Twilight of the idols. First results from a champagne experiment. (en collaboration avec Olivier Gergaud)," Working Papers ERMES 0301, ERMES, University Paris 2. [Downloadable!]
    27. Chu, Mei-Chin & Swinton, Scott M. & Batie, Sandra S., 1997. "A Risk Programming Approach To Designing Contracts To Reduce Nitrate Leaching," Staff Papers 11594, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]
    28. R. Kleef & K. Beck & W. Ven & R. Vliet, 2007. "Does risk equalization reduce the viability of voluntary deductibles?," International Journal of Health Care Finance and Economics, Springer, vol. 7(1), pages 43-58, March. [Downloadable!] (restricted)
    29. Tapiero, Charles, 2003. "Risk Management: An Interdisciplinary Framework," ESSEC Working Papers DR 03014, ESSEC Research Center, ESSEC Business School. [Downloadable!]
    30. Yves Alarie & Georges Dionne, 2006. "Lottery qualities," Journal of Risk and Uncertainty, Springer, vol. 32(3), pages 195-216, May. [Downloadable!] (restricted)
      Other versions:
    31. Matthew Rabin, 2000. "Diminishing Marginal Utility of Wealth Cannot Explain Risk Aversion," Department of Economics, Working Paper Series 1025, Department of Economics, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
    32. Richard Horan & James Shortle & David Abler, 2002. "Ambient Taxes Under m-Dimensional Choice Sets, Heterogeneous Expectations, and Risk-Aversion," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 21(2), pages 189-202, February. [Downloadable!] (restricted)
    33. Matthew Rabin, 2001. "Risk Aversion and Expected Utility Theory: A Calibration Theorem," Levine's Bibliography 7667, UCLA Department of Economics. [Downloadable!]
    34. Frechette, Darren & Tuthill, Jonathan W., 2000. "Weighted Expected Utility Hedge Ratios," 2000 Conference, April 17-18 2000, Chicago, Illinois 18931, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [Downloadable!]
    35. Raj Chetty, 2003. "A New Method of Estimating Risk Aversion," NBER Working Papers 9988, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    36. Carlos Laciana & Elke Weber, 2008. "Correcting expected utility for comparisons between alternative outcomes: A unified parameterization of regret and disappointment," Journal of Risk and Uncertainty, Springer, vol. 36(1), pages 1-17, February. [Downloadable!] (restricted)
    37. Lise Vesterlund & Bill Harbaugh & Kate Krause, 2005. "The Fourfold Pattern of Risk Attitudes in Choice and Pricing Tasks," Working Papers 268, University of Pittsburgh, Department of Economics, revised Jan 2005.
    38. Matthew Rabin., 2000. "Risk Aversion and Expected-Utility Theory: A Calibration Theorem," Economics Working Papers E00-279, University of California at Berkeley. [Downloadable!]
    39. Bruno Frey, 1997. "Art Markets and Economics: Introduction," Journal of Cultural Economics, Springer, vol. 21(3), pages 165-173, September. [Downloadable!] (restricted)
    40. Frédéric Laville, 2000. "Should we abandon optimization theory? The need for bounded rationality," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(3), pages 395-426, November. [Downloadable!] (restricted)
    41. Serrao, Amilcar & Coelho, Luis, 2004. "Cumulative Prospect Theory: A Study Of The Farmers' Decision Behavior In The Alentejo Dryland Region Of Portugal," 2004 Annual meeting, August 1-4, Denver, CO 20245, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    42. Just, Richard E., 2000. "Some Guiding Principles For Empirical Production Research In Agriculture," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 29(2), October. [Downloadable!]
    43. Burger, C.P.J., 1988. "Risk aversion and the family farm," Serie Research Memoranda 0022, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
    44. Richard D. Farmer, 2006. "Risk-Smoothing Across Time and the Demand for Inventories: A Mean-Variance Approach," Eastern Economic Journal, Eastern Economic Association, vol. 32(4), pages 699-722, Fall. [Downloadable!]
    45. Bruno S. Frey, . "Knight Fever towards an Economics of Awards," IEW - Working Papers iewwp239, Institute for Empirical Research in Economics - IEW. [Downloadable!]
      Other versions:
    46. Raj Chetty, 2004. "Consumption Commitments, Unemployment Durations, and Local Risk Aversion," NBER Working Papers 10211, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    47. Cox, James C. & Grether, David M., 1993. "The Preference Reversal Phenomenon: Response Mode, Markets and Incentives," Working Papers 810, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    48. Richard J. Arnott & Joseph E. Stiglitz, 1988. "Randomization with Asymmetric Information," NBER Working Papers 2507, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    49. Greg Hannsgen, 2007. "Are the Costs of the Business Cycle 'Trivially Small'?," Economics Working Paper Archive wp_492, Levy Economics Institute, The. [Downloadable!]
    50. Simon Grant & Atsushi Kajii & Ben Polak, 1996. "Preference for Information," Cowles Foundation Discussion Papers 1114, Cowles Foundation, Yale University. [Downloadable!]
      Other versions:
    51. Larry G. Epstein & Angelo Melino, 1993. "A Revealed Preference Analysis of Asset Pricing Under Recursive Utility," NBER Working Papers 4524, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    52. Riddel, Mary & Shaw, W. Douglass, 2006. "A Theoretically-Consistent Empirical Non-Expected Utility Model of Ambiguity: Nuclear Waste Mortality Risk and Yucca Mountain," Pre-Prints 23964, Texas A&M University, Department of Agricultural Economics. [Downloadable!]
    53. Bard, Sharon K. & Barry, Peter J., 2000. "Developing A Scale For Assessing Risk Attitudes Of Agricultural Decision Makers," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 3(01). [Downloadable!]
    54. Ralph C Bayer, 2004. "Moral constraints and the evasion of income tax," Public Economics 0412008, EconWPA. [Downloadable!]
    55. R. Cookson, 2000. "Framing Effects in Public Goods Experiments," Experimental Economics, Springer, vol. 3(1), pages 55-79, June. [Downloadable!] (restricted)
    56. Syngjoo Choi & Raymond Fisman & Douglas Gale & Shachar Kariv, 2007. "Substantive and Procedural Rationality in Decisions under Uncertainty," Levine's Bibliography 122247000000000946, UCLA Department of Economics. [Downloadable!]
    57. Chong Choi & Tarek Eldomiaty & Sae Kim, 2007. "Consumer Trust, Social Marketing and Ethics of Welfare Exchange," Journal of Business Ethics, Springer, vol. 74(1), pages 17-23, August. [Downloadable!] (restricted)
    58. David J. Vanness, 2003. "A structural econometric model of family valuation and choice of employer-sponsored health insurance in the United States," Health Economics, John Wiley & Sons, Ltd., vol. 12(9), pages 771-790. [Downloadable!]
    59. Joseph Kadane & Javier Girón & Daniel Peña & Peter Fishburn & Simon French & D. Lindley & Giovanni Parmigiani & Robert Winkler, 1993. "Several Bayesians: A review," TEST: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer, vol. 2(1), pages 1-32, December. [Downloadable!] (restricted)
    60. Gaudeul, Alexia, 2009. "A (micro) course in microeconomic theory for MSc students," MPRA Paper 15388, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    61. Matthew Rabin & Richard H. Thaler, 2001. "Anomalies: Risk Aversion," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 219-232, Winter. [Downloadable!] (restricted)
    62. Matthew Rabin., 2000. "Diminishing Marginal Utility of Wealth Cannot Explain Risk Aversion," Economics Working Papers E00-287, University of California at Berkeley. [Downloadable!]
    63. Matthew Rabin, 2001. "Risk Aversion and Expected-Utility Theory: A Calibration Theorem," Method and Hist of Econ Thought 0012001, EconWPA. [Downloadable!]
    64. Ramón J. Sirvent Boix & Josefa Tomás Lucas, 1992. "Una versión de la teoría del arrepentimiento: aplicación a la demanda de seguro," Investigaciones Economicas, Fundación SEPI, vol. 16(1), pages 43-62, January. [Downloadable!]
    65. André De Palma & Nathalie Picard, 2005. "Congestion on risky routes with risk adverse drivers," ERSA conference papers ersa05p423, European Regional Science Association. [Downloadable!]
    66. Philip R. P. Coelho & James E. McClure, 1996. "Social context and the utility of wealth: Addressing the Markowitz challenge," Working Papers 199602, Ball State University, Department of Economics, revised Jan 1998. [Downloadable!]
      Other versions:
    67. Matthew Rabin, 2001. "Diminishing Marginal Utility of Wealth Cannot Explain Risk Aversion," Game Theory and Information 0012002, EconWPA. [Downloadable!]
    68. Mark J. Machina & David Schmeidler, 1994. "Bayes Without Bernoulli: Simple Conditions for Probabilistically Sophisticated Choice," Discussion Papers 1088, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
      Other versions:
    69. André de Palma & Nathalie Picard, 2004. "Route Choice behavior with risk averse users," THEMA Working Papers 2004-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
    70. Pamela K. Lattimore & Joanna R. Baker & A. Dryden Witte, 1992. "The Influence Of Probability on Risky Choice: A parametric Examination," NBER Technical Working Papers 0081, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    71. Robert S. Chirinko & Edward P. Harper, Jr., 1992. "Buckle-Up or Slow-Down? New Estimates of Offsetting Behavior and Their Implications for Automobile Safety Regulation," Working Papers 9207, Harris School of Public Policy Studies, University of Chicago. [Downloadable!]
    72. Vivian, Robert William, 2003. "Solving Daniel Bernoulli's St Petersburg Paradox: The Paradox which is not and never was," MPRA Paper 5233, University Library of Munich, Germany, revised 2003. [Downloadable!]
    73. Mary Riddel & W. Shaw, 2006. "A theoretically-consistent empirical model of non-expected utility: An application to nuclear-waste transport," Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 131-150, March. [Downloadable!] (restricted)
    74. Chaim Fershtman & Zvi Safra & Daniel Vincent, 1990. "Delayed Agreements and Non-Expected Utility," Discussion Papers 867, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
      Other versions:
    75. Anderson, C. Leigh & Stamoulis, Kostas, 2006. "Applying Behavioural Economics to International Development Policy," Working Papers RP2006/24, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    76. Alaoui, Larbi, 2009. "The value of useless information," MPRA Paper 11411, University Library of Munich, Germany. [Downloadable!]
    77. Halevy, Yoram, 2004. "Strotz meets Allais: Diminishing Impatience and the Certainty Effect," Micro Theory Working Papers halevy-04-10-29-10-08-43, Microeconomics.ca Website, revised 19 Jun 2008. [Downloadable!]
      Other versions:
    78. Zvi Safra & Uzi Segal, 2005. "Are Universal Preferences Possible? Calibration Results for Non-Expected Utility Theories," Boston College Working Papers in Economics 633, Boston College Department of Economics. [Downloadable!]

  12. Muller, Sigrid M. & Machina, Mark J., 1987. "Moment preferences and polynomial utility," Economics Letters, Elsevier, vol. 23(4), pages 349-353. [Downloadable!] (restricted)

    Cited by:

    1. Matthias Kräkel, 2007. "Optimal Risk Taking in an Uneven Tournament Game with Risk Averse Players," Discussion Papers 200, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
      Other versions:

  13. Machina, Mark J, 1985. "Stochastic Choice Functions Generated from Deterministic Preferences over Lotteries," Economic Journal, Royal Economic Society, vol. 95(379), pages 575-94, September. [Downloadable!] (restricted)

    Cited by:

    1. John Hey, 2005. "Why We Should Not Be Silent About Noise," Experimental Economics, Springer, vol. 8(4), pages 325-345, December. [Downloadable!] (restricted)
    2. John K. Dagsvik, 1988. "Choice among Lotteries when Preferences are Stochastic," Discussion Papers 221, Research Department of Statistics Norway. [Downloadable!]
    3. Graham Loomes, 2005. "Modelling the Stochastic Component of Behaviour in Experiments: Some Issues for the Interpretation of Data," Experimental Economics, Springer, vol. 8(4), pages 301-323, December. [Downloadable!] (restricted)
    4. Wilcox, Nathaniel, 2007. "Stochastically more risk averse: A contextual theory of stochastic discrete choice under risk," MPRA Paper 11851, University Library of Munich, Germany. [Downloadable!]
    5. Vesna Prasnikar, 1993. "Binary Lottery Payoffs: Do They Control Risk Aversion?," Discussion Papers 1059, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    6. Pavlo Blavatskyy, 2007. "Stochastic expected utility theory," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 259-286, June. [Downloadable!] (restricted)
    7. Basov, Suren & Danilkina, Svetlana & Prentice, David, 2009. "When does variety increase with quality?," MPRA Paper 13445, University Library of Munich, Germany. [Downloadable!]

  14. Machina, Mark J., 1984. "Temporal risk and the nature of induced preferences," Journal of Economic Theory, Elsevier, vol. 33(2), pages 199-231, August. [Downloadable!] (restricted)

    Cited by:

    1. Dan Protopopescu, 2007. "Improving the Risk Concept: A Revision of Arrow-Pratt Theory in the Context of Controlled Dynamic Stochastic Environments," UFAE and IAE Working Papers 727.08, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC), revised 03 Dec 2009. [Downloadable!]
    2. Becker, Torbjörn, 1995. "Risky Taxes, Budget Balance Preserving Spreads and Precautionary Savings," Working Paper Series in Economics and Finance 73, Stockholm School of Economics. [Downloadable!]
    3. Simon Grant & Atsushi Kajii & Ben Polak, 1996. "Preference for Information," Cowles Foundation Discussion Papers 1114, Cowles Foundation, Yale University. [Downloadable!]
      Other versions:
    4. Klaus Nehring, 2006. "Self-Control through Second-Order Preferences," Levine's Bibliography 321307000000000391, UCLA Department of Economics. [Downloadable!]
    5. John Hey & Massimo Paradiso., . "Dynamic Choice and Timing-Independence: an experimental investigation," Discussion Papers 99/26, Department of Economics, University of York. [Downloadable!]
    6. Jordi Mondria, 2006. "Financial Contagion and Attention Allocation," Working Papers tecipa-254, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    7. Mark J. Machina, 2000. "Payoff Kinks in Preferences over Lotteries," University of California at San Diego, Economics Working Paper Series 2000-22, Department of Economics, UC San Diego. [Downloadable!]
    8. Larry Epstein & Igor Kopylov, 2006. "Cognitive Dissonance and Choice," RCER Working Papers 525, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
    9. John Hey, . "Do People (Want to) Plan?," Discussion Papers 99/22, Department of Economics, University of York. [Downloadable!]
      Other versions:
    10. Mark Machina, 2002. "Robustifying the Classical Model of Risk Preferences and Beliefs," University of California at San Diego, Economics Working Paper Series 2002-06, Department of Economics, UC San Diego. [Downloadable!]
    11. Bardsley, P. & Harris, M., 1987. "An Approach To The Econometric Estimation Of Attitudes To Risk In Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(02), August. [Downloadable!]

  15. Quizon, Jaime B & Binswanger, Hans P & Machina, Mark J, 1984. "Attitudes toward Risk: Further Remarks," Economic Journal, Royal Economic Society, vol. 94(373), pages 144-48, March. [Downloadable!] (restricted)

    Cited by:

    1. E. Elisabet Rutstrom & Glenn W. Harrison & Morten I. Lau, 2004. "Estimating Risk Attitudes in Denmark," Econometric Society 2004 Australasian Meetings 201, Econometric Society. [Downloadable!]
    2. Glenn W. Harrison & Morten I. Lau & E. Elisabet Rutstrom, 2004. "Estimating Risk Attitudes in Denmark: A Field Experiment," Artefactual Field Experiments 0050, The Field Experiments Website. [Downloadable!]
    3. Mette Wik & Tewodros Aragie Kebede & Olvar Bergland & Stein T. Holden, 2004. "On the measurement of risk aversion from experimental data," Applied Economics, Taylor and Francis Journals, vol. 36(21), pages 2443-2451, December. [Downloadable!] (restricted)
    4. Yutaka Arimoto & Tetsuji Okazaki & Masaki Nakabayashi, 2005. "Risk, Transaction Costs, and Geographic Distribution of Share Tenancy: A Case of Pre-War Japan," CIRJE F-Series CIRJE-F-322, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]

  16. Machina, Mark J, 1982. "A Stronger Characterization of Declining Risk Aversion," Econometrica, Econometric Society, vol. 50(4), pages 1069-79, July. [Downloadable!] (restricted)

    Cited by:

    1. CHANDER, Parkash, 2000. "A simple measure of risk aversion in the large and an application," CORE Discussion Papers 2000041, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    2. John Quiggin, 2001. "Production under Uncertainty and Choice under Uncertainty in the Emergence of Generalized Expected Utility Theory," Theory and Decision, Springer, vol. 51(2), pages 125-144, December. [Downloadable!] (restricted)
    3. Wing-Keung Wong & Chenghu Ma, 2008. "Preferences over location-scale family," Economic Theory, Springer, vol. 37(1), pages 119-146, October. [Downloadable!] (restricted)
    4. Wing-Keung Wong & Chenghu Ma, 2005. "Preferences over Meyer’s Location-Scale Family," Departmental Working Papers wp0506, National University of Singapore, Department of Economics. [Downloadable!]

  17. Machina, Mark J, 1982. ""Expected Utility" Analysis without the Independence Axiom," Econometrica, Econometric Society, vol. 50(2), pages 277-323, March. [Downloadable!] (restricted)

    Cited by:

    1. Jullien, Bruno & Salanié, Bernard, 2005. "Empirical Evidence on the Preferences of Racetrack Bettors," IDEI Working Papers 178, Institut d'Économie Industrielle (IDEI), Toulouse. [Downloadable!]
    2. Zvi Safra & Uzi Segal, 2006. "Calibration Results for Non-Expected Utility Theories," Boston College Working Papers in Economics 645, Boston College Department of Economics. [Downloadable!]
      Other versions:
    3. Gregory S. Berns & C. Monica Capra & Sara Moore & Charles Noussair, 2007. "A shocking experiment: New evidence on probability weighting and common ratio violations," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 2, pages 234-242, August. [Downloadable!]
    4. Arthur J. Robson, 2002. "Evolution and Human Nature," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 89-106, Spring. [Downloadable!] (restricted)
    5. Massimo Egidi, 1995. "Routines, Hierarchies of Problems, Procedural Behaviour: Some Evidence fom Experiments," CEEL Working Papers 9503, Computable and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia. [Downloadable!]
    6. Eike B. Kroll & Bodo Vogt, 2008. "The Relevance of Irrelevant Alternatives: An experimental investigation of risky choices," FEMM Working Papers 08028, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management. [Downloadable!]
    7. Hild, Matthias, 2001. "The Instability of Robust Aggregation," Working Papers 1113, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    8. David Dillenberger, 2008. "Preferences for One-Shot Resolution of Uncertainty and Allais-Type Behavior," PIER Working Paper Archive 08-036, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania. [Downloadable!]
    9. E. Miglierina & E. Molho & F. Patrone & S. Tijs, 2008. "Axiomatic approach to approximate solutions in multiobjective optimization," Decisions in Economics and Finance, Springer, vol. 31(2), pages 95-115, November. [Downloadable!] (restricted)
    10. Kim C. Border & Uzi Segal, 2001. "Coherent Odds and Subjective Probability," Boston College Working Papers in Economics 513, Boston College Department of Economics. [Downloadable!]
      Other versions:
    11. Bethany Weber, 2007. "The effects of losses and event splitting on the Allais paradox," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 2, pages 115-125, April. [Downloadable!]
    12. Andrea Morone & Ozlem Ozdemir, 2006. "Valuing Protection against Low Probability, High Loss Risks: Experimental Evidence," Papers on Strategic Interaction 2006-34, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
    13. Edward Schlee & Christian Gollier, . "Increased Risk-Bearing with Background Risk," Working Papers 2132848, Department of Economics, W. P. Carey School of Business, Arizona State University. [Downloadable!]
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    14. Zvi Safra & Uzi Segal, 2008. "Calibration Results for Betweenness Functionals," Boston College Working Papers in Economics 683, Boston College Department of Economics. [Downloadable!]
    15. Uzi Segal, 1984. "Nonlinear Decision Weights with the Independence Axiom," UCLA Economics Working Papers 353, UCLA Department of Economics. [Downloadable!]
    16. GOLLIER Christian & MUERMANN Alexander, 2006. "Optimal choice and beliefs with ex ante savoring ex post disappointment," Working Papers 06.18.211, LERNA, University of Toulouse. [Downloadable!]
    17. David B. Brown & Enrico G. De Giorgi & Melvyn Sim, 2009. "A Satisficing Alternative to Prospect Theory," University of St. Gallen Department of Economics working paper series 2009 2009-09, Department of Economics, University of St. Gallen. [Downloadable!]
    18. Nuno Garoupa, 1998. "Crime and Punishment: Further Results," Economics Working Papers 344, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    19. Tuthill, Jonathan & Frechette, Darren, 2002. "Non-Expected Utility Theories: Weighted Expected, Rank Dependent, And Cumulative Prospect Theory Utility," 2002 Conference, April 22-23, 2002, St. Louis, Missouri 19073, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [Downloadable!]
    20. Botond Koszegi & Matthew Rabin, 2004. "A Model of Reference-Dependent Preferences," Method and Hist of Econ Thought 0407001, EconWPA. [Downloadable!]
    21. Marco LiCalzi, 2005. "A language for the construction of preferences under uncertainty," Game Theory and Information 0509002, EconWPA. [Downloadable!]
    22. Uzi Segal, 1985. "The Ellsberg Paradox and Risk Aversion: An Anticipated Utility Approach," UCLA Economics Working Papers 362, UCLA Department of Economics. [Downloadable!]
      Other versions:
    23. Jason F. Shogren, 1990. "Impact of Self-Protection and Self-Insurance on Individual Response to Risk, The," Center for Agricultural and Rural Development (CARD) Publications 90-wp53, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
    24. Zvi Safra & Uzi Segal, 2001. "On the Economic Meaning of Machina's FrÚchet Differentiability Assumption," Boston College Working Papers in Economics 511, Boston College Department of Economics. [Downloadable!]
      Other versions:
    25. Chew Soo Hong & Guofu Tan, 2004. "The Market for Sweekstakes," IEPR Working Papers 04.4, Institute of Economic Policy Research (IEPR). [Downloadable!]
    26. Erio Castagnoli & Marco LiCalzi, 2005. "Expected utility without utility," Game Theory and Information 0508004, EconWPA. [Downloadable!]
    27. Philip Kostov & John Lingard, 2004. "Risk Management – Managing Risks, not Calculating Them," Risk and Insurance 0409001, EconWPA. [Downloadable!]
    28. Huck, S. & Muller, W., 2007. "Allais for All: Revisiting the Paradox," Discussion Paper 2007-99, Tilburg University, Center for Economic Research. [Downloadable!]
    29. John Hey, . "A Further Investigation of Selten's Measure of Predictive Success," Discussion Papers 99/30, Department of Economics, University of York. [Downloadable!]
    30. Mark J. Machina, 2001. "Almost-Objective Uncertainty," University of California at San Diego, Economics Working Paper Series 2001-12, Department of Economics, UC San Diego. [Downloadable!]
    31. Philippe Delquié & Alessandra Cillo, 2006. "Disappointment without prior expectation: a unifying perspective on decision under risk," Journal of Risk and Uncertainty, Springer, vol. 33(3), pages 197-215, December. [Downloadable!] (restricted)
    32. Antoni Bosch-Domènech & Joaquim Silvestre, 2003. "Do the Wealthy Risk More Money? An Experimental Comparison," Economics Working Papers 692, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2005. [Downloadable!]
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    33. Yeon-Koo Che & Ian Gale, 2005. "Revenue comparisons for auctions when bidders have arbitrary types," Discussion Papers 0506-03, Columbia University, Department of Economics. [Downloadable!]
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    34. David Kelsey & Erkan Yalcin, 2004. "The Arbitrage Pricing Theorem with Incomplete Preferences," GE, Growth, Math methods 0401002, EconWPA. [Downloadable!]
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    35. Wiktor Adamowicz & David Bunch & Trudy Cameron & Benedict Dellaert & Michael Hanneman & Michael Keane & Jordan Louviere & Robert Meyer & Thomas Steenburgh & Joffre Swait, 2008. "Behavioral frontiers in choice modeling," Marketing Letters, Springer, vol. 19(3), pages 215-228, December. [Downloadable!] (restricted)
    36. Botond Koszegi & Matthew Rabin, 2004. "A Model of Reference-Dependent Preferences," Department of Economics, Working Paper Series 1061, Department of Economics, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
    37. John Hey, 2001. "Does Repetition Improve Consistency?," Experimental Economics, Springer, vol. 4(1), pages 5-54, June. [Downloadable!] (restricted)
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    38. Frédéric Laville, 2000. "Should we abandon optimization theory? The need for bounded rationality," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(3), pages 395-426, November. [Downloadable!] (restricted)
    39. Uzi Segal, 1986. "Some Remarks on Quiggin's Anticipated Utility," UCLA Economics Working Papers 392, UCLA Department of Economics. [Downloadable!]
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    40. Arnaud Lefranc & Nicolas Pistolesi & Alain Trannoy, 2006. "Equality of Opportunity: Definitions and testable conditions, with an application to income in France," THEMA Working Papers 2006-13, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
      Other versions:
    41. Kota Saito, 2009. "A Relationship between Risk and Time Preferences," Levine's Working Paper Archive 814577000000000269, David K. Levine. [Downloadable!]
    42. Larry Epstein, 1997. "Uncertainty Aversion," Working Papers epstein-97-01, University of Toronto, Department of Economics. [Downloadable!]
    43. David Peel & Michael Cain & D Law, 2005. "Cumulative prospect theory and gambling," Working Papers 002459, Lancaster University Management School, Economics Department. [Downloadable!]
    44. Michele Bernasconi, 2002. "How should income be divided? questionnaire evidence from the theory of “Impartial preferences”," Journal of Economics, Springer, vol. 9(1), pages 163-195, December. [Downloadable!] (restricted)
    45. Bruno S. Frey, . "Knight Fever towards an Economics of Awards," IEW - Working Papers iewwp239, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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    46. Dillenberger, David, 2008. "Preferences for One-Shot Resolution of Uncertainty and Allais-Type Behavior," MPRA Paper 8342, University Library of Munich, Germany. [Downloadable!]
    47. El-Gamal, Mahmoud A. & Grether, David M., 1993. "Uncovering Behavioral Strategies: Likelihood-Based Experimental Data Mining," Working Papers 850, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    48. Francesco Guala, 2000. "The logic of normative falsification: rationality and experiments in decision theory," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(1), pages 59-93, March. [Downloadable!] (restricted)
    49. Simon Grant & Atsushi Kajii & Ben Polak, 1996. "Preference for Information," Cowles Foundation Discussion Papers 1114, Cowles Foundation, Yale University. [Downloadable!]
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    50. Ulrich Schmidt, 2001. "Lottery Dependent Utility: a Reexamination," Theory and Decision, Springer, vol. 50(1), pages 35-58, February. [Downloadable!] (restricted)
    51. Quiggin, J. & Karagiannis, G. & Stanton, J., 1993. "Crop Insurance And Crop Production: An Empirical Study Of Moral Hazard And Adverse Selection," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 37(02), August. [Downloadable!]
    52. Riddel, Mary & Shaw, W. Douglass, 2006. "A Theoretically-Consistent Empirical Non-Expected Utility Model of Ambiguity: Nuclear Waste Mortality Risk and Yucca Mountain," Pre-Prints 23964, Texas A&M University, Department of Agricultural Economics. [Downloadable!]
    53. Larry E. Jones, 1983. "The Efficiency of Monopolistically Competitive Equilibria in Large Economies: Commodity Differentiation With Pure Substitutes," Discussion Papers 574, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    54. Chichilnisky, Graciela, 1998. "The economics of global environmental risk," MPRA Paper 8812, University Library of Munich, Germany. [Downloadable!]
    55. Moawia Alghalith, 2008. "Hedging and production decisions under uncertainty: A survey," Quantitative Finance Papers 0810.0917, arXiv.org. [Downloadable!]
    56. Matsushita, Raul & Baldo, Dinorá & Martin, Bruna & Da Silva, Sergio, 2007. "The biological basis of expected utility anomalies," MPRA Paper 4520, University Library of Munich, Germany. [Downloadable!]
    57. Ignacio Palacios-Huerta & Roberto Serrano & Oscar Volij, 2003. "Rejecting Small Gambles Under Expected Utility," Economics Working Papers 0032, Institute for Advanced Study, School of Social Science. [Downloadable!]
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    58. Pavlo R. Blavatskyy, . "A Stochastic Expected Utility Theory," IEW - Working Papers iewwp231, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    59. Border, Kim C. & Segal, Uzi, 1992. "Dynamic Consistency Implies Approximately Expected Utility Preferences," Working Papers 821, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
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    60. Hild, Matthias, 2001. "Technical Report The Instability of Ex Post and Robust Aggregation Without State-Consequence Separation," Working Papers 1114, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    61. Raphaël Giraud, 2004. "Framing under risk : Endogenizing the Reference Point and Separating Cognition and Decision," Cahiers de la Maison des Sciences Economiques bla04090, Université Panthéon-Sorbonne (Paris 1). [Downloadable!]
    62. Uzi Segal & Avia Spivak, 1988. "First Order Versus Second Order Risk Aversion," UCLA Economics Working Papers 540, UCLA Department of Economics. [Downloadable!]
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    63. Antoni Bosch-Domènech & Joaquim Silvestre, 2002. "Reflections on Gains and Losses: A 2x2x7 Experiment," Economics Working Papers 640, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2005. [Downloadable!]
    64. Vesna Prasnikar, 1993. "Binary Lottery Payoffs: Do They Control Risk Aversion?," Discussion Papers 1059, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    65. Gaudeul, Alexia, 2009. "A (micro) course in microeconomic theory for MSc students," MPRA Paper 15388, University Library of Munich, Germany. [Downloadable!]
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    66. Enrico Diecidue & Ulrich Schmidt & Horst Zank, 2006. "Parametric Weighting Functions," The School of Economics Discussion Paper Series 0622, Economics, The University of Manchester. [Downloadable!]
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    67. Uzi Segal, 1986. "Stochastic Dominance for Two-Stage Lotteries," UCLA Economics Working Papers 416, UCLA Department of Economics. [Downloadable!]
    68. Mark J. Machina, 2000. "Payoff Kinks in Preferences over Lotteries," University of California at San Diego, Economics Working Paper Series 2000-22, Department of Economics, UC San Diego. [Downloadable!]
    69. Philip R. P. Coelho & James E. McClure, 1996. "Social context and the utility of wealth: Addressing the Markowitz challenge," Working Papers 199602, Ball State University, Department of Economics, revised Jan 1998. [Downloadable!]
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    70. Hild, Matthias, 2001. "Stable Aggregation of Preferences," Working Papers 1112, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    71. Miles S. Kimball, 1991. "Standard Risk Aversion," NBER Technical Working Papers 0099, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    72. Wang, S., 1994. "Premium Calculation by Transforming the Layer Premium Density," Working Papers 030, Risk and Insurance Archive.
    73. Robin Cubitt & Chris Starmer & Robert Sugden, 1998. "On the Validity of the Random Lottery Incentive System," Experimental Economics, Springer, vol. 1(2), pages 115-131, September. [Downloadable!] (restricted)
    74. Alex Viskovatoff, 2001. "Rationality as optimal choice versus rationality as valid inference," Journal of Economic Methodology, Taylor and Francis Journals, vol. 8(2), pages 313-337, June. [Downloadable!] (restricted)
    75. William S. Neilson, 1993. "An Expected Utility-User's Guide to Nonexpected Utility Experiments," Eastern Economic Journal, Eastern Economic Association, vol. 19(3), pages 257-274, Summer. [Downloadable!]
    76. Koch, Christopher & Schunk, Daniel, 2007. "The Case for Limited Auditor Liability - The Effects of Liability Size on Risk Aversion and Ambiguity Aversion," Sonderforschungsbereich 504 Publications 07-04, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
    77. André Lapidus, 2000. "La rationalité du choix passionnel : En quête de l’héritage de David Hume," Post-Print hal-00343939_v1, HAL. [Downloadable!]
    78. Moreno Jiménez, J.Mª & Escobar Urmeneta, Mª T., 2000. "El pesar en el proceso analítico jerárquico1," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 14, pages 95-115, Abril. [Downloadable!] (restricted)
    79. Zvi Safra & Uzi Segal, 2005. "Are Universal Preferences Possible? Calibration Results for Non-Expected Utility Theories," Boston College Working Papers in Economics 633, Boston College Department of Economics. [Downloadable!]
    80. Just, Richard E., 1993. "Discovering Production and Supply Relationships: Present Status and Future Opportunities," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 61(01), April. [Downloadable!]
    81. Uzi Segal, 1986. "Probabilistic Insurance and Anticipated Utility," UCLA Economics Working Papers 390, UCLA Department of Economics. [Downloadable!]
    82. White, Lucy, 2006. "Prudence in Bargaining: The Effect of Uncertainty on Bargaining Outcomes," CEPR Discussion Papers 5822, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    83. Bardsley, P. & Harris, M., 1987. "An Approach To The Econometric Estimation Of Attitudes To Risk In Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(02), August. [Downloadable!]

  18. Machina, Mark J., 1982. "Flexibility and the demand for risky assets," Economics Letters, Elsevier, vol. 10(1-2), pages 71-76. [Downloadable!] (restricted)

    Cited by:

    1. Gollier, Christian, 2005. "Does Flexibility Enhance Risk Tolerance?," IDEI Working Papers 390, Institut d'Économie Industrielle (IDEI), Toulouse. [Downloadable!]

Chapters

  1. Granger, Clive W.J. & Machina, Mark J., 2006. "Forecasting and Decision Theory," Handbook of Economic Forecasting, Elsevier. [Downloadable!] (restricted)

    Cited by:

    1. Teräsvirta, Timo, 2005. "Forecasting economic variables with nonlinear models," Working Paper Series in Economics and Finance 598, Stockholm School of Economics, revised 29 Dec 2005. [Downloadable!]
      Other versions:
    2. Timmermann, Allan G, 2005. "Forecast Combinations," CEPR Discussion Papers 5361, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    3. Simone Manganelli, 2006. "A new theory of forecasting," Working Paper Series 584, European Central Bank. [Downloadable!]

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